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Panama Offshore Foundation History
Private Interest Foundation come into existence
upon registration in Panama Public Registry by law No. 25
of June 12, 1995. The Panama Government designed the Panama
Private Interest Foundation with the objective of
creating a flexible and affordable option for people that
want to protect their assets. This is a very
useful instrument in the planning of inheritances and for
asset protection, as a Trust due, but also
very similar to Corporations.
Panama Private Interest Foundation assets
have a different legal identity from the other funds or assets
for protect to the beneficiaries. Panama Offshore
Foundations offer many kind of advantages, like legal
protection, privacy to the Founders and Beneficiaries of the
Foundation.
The Private Interest Foundations must be
constitute as non profit organizations, with an Initial Patrimony
Amount of US10,000.00. Private Interest Foundations
expenses and annual fees are very similar to Corporations.
They operate tax free when your incomes are offshore and the
address could be changed any time.
The Panama Private Interest Foundation is
a combination between two entities: a corporation and a trust.
A Panama Foundation is different to other kind of offshore
entities because are not the legal representation of a natural
individual or group, the Panama foundtaion represent a legal
entity that don't have share-holders or partners, and don't
have an owner, and has a determinated function for the benefit
of a general group of persons.
Panama Legal Consultants
- Panama Law Firm -
For more information please contact us:
info@panamalegalconsultants.com
Tel: (507) 6714-9326
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